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Understanding Bubbly Episodes (with V. Carvalho and A. Martin)

Forthcoming in American Economic Review, Papers and Proceedings

Economic Growth with Bubbles (with A. Martin)
Forthcoming in American Economic Review

Bubbles and Capital Flows

Forthcoming in Journal of Economic Theory

Theoretical Notes on Bubbles and the Current Crisis (with A. Martin)

Read a non-technical summary on VOXEU

IMF Economic Review, 59 (1), 2011, 6-40

Globalization and Risk Sharing (with F. Broner)
Review of Economic Studies, 78, 2011, 49-82

Sovereign Risk and Secondary Markets (with F. Broner and A. Martin)

American Economic Review, 100 (4), 2010, 1523-1555

Enforcement Problems and Secondary Markets (with F. Broner and A. Martin)

Journal of the European Economic Association Papers and Proceedings, 6 (2-3), 2008, 683-694,

Comparative Advantage and the Cross-section of Business Cycles (with A. Kraay)
Journal of the European Economic Association, 5 (6), 2007, 1300-1333,

Macroeconomic Volatility and Welfare in Developing Countries: An Introduction (with N. Loayza, R. Rancière and L. Servén)
The World Bank Economic Review, 21 (3), 2007, 343-357

The Dot-Com Bubble, the Bush Deficits, and the US Current Account (with A. Kraay)
In G7 Current Account Imbalances: Sustainability and Adjustment, R. Clarida (eds.), 2007, The University of Chicago Press

A Global View of Economic Growth
In Handbook of Economic Growth, vol. 1B, Philippe Aghion and Steven N. Durlauf (eds.), 2005, Elsevier B. V.

Country Portfolios(with A. Kraay, N. Loayza and L. Servén)
Journal of the European Economic Association, 3 (4), 2005, 914-945

Current Accounts in the Long and Short Run (with A. Kraay)
NBER Macroeconomics Annual 2002, 17 (1), 2003, 65-94

Towards a Theory of Current Accounts
The World Economy, April 2003

Trade Integration and Risk Sharing (with A. Kraay)
European Economic Review, 26 (4), 2002, 483-512

The World Income Distribution (with D. Acemoglu)
Quarterly Journal of Economics, 117 (2), 2002, 659-694

Product Prices and the OECD Cycle (with A. Kraay)
Advances in Macroeconomics, 2 (1), 2002, article 1

A Portfolio View of the US Current Account Deficit
Brookings Papers, 1, 2001, 241-253

Current Accounts in Debtor and Creditor Countries (with A. Kraay)
Quarterly Journal of Economics, 115 (4), 2000, 1137-1166

A Representative Consumer Theory of Distribution (with F. Caselli)
American Economic Review, 90 (4), 2000, 909-926

Growth and Interdependence
Quarterly Journal of Economics, 112 (1), 1997, 57-84